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Sadruddins Point Blame Toward Cagle In Connection With Failed Pikeville Plant, TEMA Tarps Venture; Twin Brothers Ask Probation Sunday, May 2, 2021 Attorneys for two brothers who faced federal charges in connection with a Pikeville textile plant that never opened say they should receive probation or home confinement. Karim and Rahim Sadruddin earlier pleaded guilty to wire fraud and money laundering. Their guideline sentencing range is 70-87 months. Attorneys Lee Davis and Eugene Shiles said the twin brothers relied heavily on Chattanooga businessman Ed Cagle in connection with the text...

Meezan, Master Group ink deal Business March 16, 2021 KARACHI: Meezan Bank has recently signed an agreement with Master Group to streamline transaction banking services for Master Group, a statement said on Monday. Under the agreement, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will enable Master Group to fully automate its customer collections and supplier payments, catering to every client’s needs with a configurable and intelligent platform, it added. The partnership will focus on creating value for Master Group by serving as an end...

  Muhammad Shah, who has pre-booked Alsvin sedan, said it was truly the smartest choice in this category of cars. “The main competitive advantage of Alsvin is its price, which is almost equal to the price of a used Japanese hatchback car,” he said.   “It is up to the customer to buy a new luxury car or a used car with fewer options for the same price,” Shah said.     Interactions with different drivers in Peshawar revealed that Changan M9 and M8 are popular and demanding mini-loaders in KP. Both are powerful light trucks with good cargo capacity and fuel average. "The vehicle com...

A Pakistan-Chinese automotive joint venture, Master Changan Motors (MCM), plans to turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of export for the Chinese right-hand-drive cars to the regional countries. MCM is the only joint venture where a Chinese automotive manufacturer has actually invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘technical cooperation’ with their local partners. Established back in 2017 as a 70:30 joint-venture bet...

A Pakistan-Chinese automotive joint venture, Master Changan Motors (MCM), plans to turn its $136 million complete knock-down (CKD) assembly plant in Karachi into a hub of export for the Chinese right-hand-drive cars to the regional countries. MCM is the only joint venture where a Chinese automotive manufacturer has actually invested capital in the project whereas most Chinese Original Equipment Manufacturers (OEM) interested in exploring their chances in Pakistani market are preferring ‘technical cooperation’ with their local partners. Established back in 2017 as a 70:30 joint-venture bet...